covid-19, with cases rising in the key industrial state, Maharashtra. But markets don’t appear too perturbed by it. What is the explanation?“In other countries, where the second and third covid-19 waves have happened, the performance of their respective stock markets has been a mixed bag.
While in some countries performance has been weak, in many other instances, the second and third waves have not led to market movement as such," said Sanjay Mookim, head of research at JP Morgan India.The big difference between a year ago and now is that the government has not announced any major lockdowns.